REDWOOD CITY, CA — (Marketwired) — 07/30/13 — , the leader in cloud-based enterprise performance management (EPM), today announced record subscription revenues in its most recent fiscal quarter. The company added many large organizations and household-name brands as it continues to leverage the Cloud to help organizations modernize their financial processes, improve agility and security, and reduce overall costs by migrating away from legacy, on-premises EPM.
Notable Q2 wins included Atlantic Media, Danaher, Republic Air, EarthLink, Indiana Economic Development Corporation, MobilityWorks, and many others. The company also added new customers in South Africa and Australia as global demand for cloud-based solutions continues to accelerate.
Host Analytics is using a cloud-based delivery model to disrupt the traditional EPM market by offering the improved execution speed, broader organizational accountability, and deeper business insight of modern enterprise EPM applications. Host Analytics cloud-based delivery model extends these benefits with the business agility, improved security, and cost advantages of the Cloud.
In June, Host Analytics customers gave the company the highest combined overall ratings for reported measures in each of the Vendor, Product, and Implementation experience categories in Gartner-s recently-published “User Survey Analysis: Customers Rate Their CPM Vendors, 2012.”(1) The user survey asks customers to rate their CPM vendors across multiple areas including overall value, responsiveness of telephone support, total cost to date, improved ability to meet compliance requirements, and more.
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“The stampede to the Cloud in Finance is under way,” said Dave Kellogg, CEO of Host Analytics. “While finance teams have been historically conservative about the Cloud, they are increasingly realizing that the Cloud is proven, safe, and cost-effective. Our strong second quarter results are proof that when buyers see the success that our customers are achieving, moving to the Cloud with Host Analytics becomes an easy decision.”
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Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner-s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Host Analytics is the leader in cloud-based financial applications for , , , and . Host Analytics Enterprise Performance Management (EPM) customers benefit from improved business agility, lower total cost of ownership, faster time to value, increased security, and a faster pace of innovation compared to traditional on-premises alternatives. World-class companies like NEC, Burlington Coat Factory, and Crocs trust Host Analytics to power their strategic financial processes. Host Analytics is a fast-growing, private company backed by leading venture capitalists and is headquartered in Silicon Valley with offices around the globe.
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(1) Gartner “User Survey Analysis: Customers Rate Their CPM Vendors, 2012” by Christopher Iervolino, John E. Van Decker, [06/04/2013].
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